The One-Person Company is a brand-new idea created by the 2013 Companies Act! (OPC). There must be at least 2 Directors and 2 Members in a Private Company, but there must be at least 3 Directors and 7 Members in a Public Company. Until recently, a company could not be formed by a single individual. … Read more
In this article, you will learn how to start bridal shop business in India. In the clothes and fashion sector, a bridal shop specializing in wedding attire and accessories is a valuable retail store business opportunity. Scope of Bridal Shop Business in India A wedding is one of the most expensive occasions a person will … Read more
Foreigners and non-resident Indians (NRIs) are drawn to India because of the country’s commercial opportunities. If you’re a non-resident and plan on selling goods or services, whether, for a short or long period of time, you’ll need to register for GST (Goods and Service Tax). Additionally, the non-resident taxable person is required to nominate someone … Read more
One of India’s most popular schemes amongst employees is the Employees State Insurance (ESI) Scheme. The scheme is valid for all the employees employed in different sectors across India. The scheme is regulated and monitored by a Self-Financing Security and Labor Welfare Organization Body known as ESIC. The governing body has to act according to … Read more
With the increase in the number of crimes like thefts and burglary, the installation of CCTV cameras has become more important in residential, commercial, and industrial spaces. Hence, there is a huge opportunity to start CCTV Business in India. This is a service-oriented business and usually, it consists of two activities. One is to select … Read more
A supermarket is a multi-purpose store that offers various types of food products, including groceries, vegetables, meat, canned products, and packaged products. You can also get other important household items like slow cleaners, pharmacy products, and other supplies. As these stores are in great demand, they have to maintain and follow safety and hygiene protocols … Read more
An event management firm can be a good fit if you have a talent for organizing events, making connections with people, and planning speeches and pitches. In this article, you will learn to start an event management business in India. Scope of Event Management Industry in India The field of event management is booming. Industry-wise, … Read more
The income tax department is working aggressively to tax unaccounted income and the taxpayers now need to be very careful while declaring/her income during Income Tax Return filing. ITR Filing disclosing all income should now be done on time and with transparency. Not doing so will result in a notice from the income department and … Read more
Are you planning to open a food business in Bangalore? Then you need to make sure that you have an FSSAI license. The food license will help you run a quick, and hassle-free business. The highly educated and well aware businessmen of Bangalore never negotiate with the quality and the freshness of their food products. … Read more
The Mines Act, 1952, governs India’s minerals and mining industry. Mining and minerals development and Regulation Act (MMDR) of 1957 governs it as well. All essential indirect tax legislations are now absorbed under the GST regime (except for a few taxes such as duty on Electricity, Royalty on the extraction of minerals from mines, etc. … Read more